Wex Pharmaceuticals Inc. Closes $1.575 Million Private Placement

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 9, 2007) - NOT FOR DISSEMINATION IN THE UNITED STATES WEX Pharmaceuticals Inc. (“WEX” or the “Company”) (TSX:WXI) is pleased to advise that it has successfully completed a previously announced private placement (the “Private Placement”) for total gross proceeds of $1,575,000.

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